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Stimulus Package

Started by H Needles; Last updated Feb 27, 08 5:23 PM CST by D Lim | View history

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Stimulus Package

"It has the right set of policies and is the right size." -George W. Bush

Bush signed the $168-billion stimulus plan, which will give most tax filers refunds of $600 to $1,200, more if they have children. Will the stimulus package be the quick boost the US economy needs to get consumers spending again?

Stories

Stories 21 - 40 of 42

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March 2008
- 'Perfect Storm' Batters US Economy
  
  New York Times | Mar 14, 08 12:30 PM CDT
  
  (Newser) - A perfect storm of economic maladies has the US economy reeling on the edge of recession and officials struggling to limit the damage it causes, reports the New York Times. But many economists say there isn’t much the government or policy makers can do besides batten down the hatches and, in the words of a Charles Schwab analyst, “let the system wash it out.” More »
- Feds Outline New, Tougher Credit Rules
  
  Wall Street Journal | Mar 13, 08 6:51 AM CDT
  
  (Newser) - A panel led by Treasury Secretary Henry Paulson is seeking a major overhaul of rules affecting mortgage lenders and a credit market decimated by risky subprime loans and loose oversight, the Wall Street Journal r eports. Among panel recommendations to be released today: Strengthen mortgage lender and broker oversight Establish licensing standards for mortgage brokers More »
February 2008
- Wal-Mart Taps 'Inner Skinflint' Amid Downturn
  
  Newsweek | Feb 28, 08 4:55 PM CST
  
  (Newser) - Newsweek blogger Daniel Gross asks why Wal-Mart, with its sales increasing, appears to be untouched by the US economic slowdown, and comes up with four answers. One, the behemoth mostly sell necessities. Two, its cheaper-than-thou branding is attracting pinched customers. Three, investors like Wal-Mart's prospects down the line. And four, the store is becoming increasingly international. More »
- No Return, No Rebate, Warns IRS
  
  Reuters | Feb 14, 08 7:44 AM CST
  
  (Newser) - Even people who didn't make enough money last year to be required to file a tax return are going to have to do so this year—if they want to get their rebates under President Bush's $170 billion economic stimulus plan, Reuters reports. The IRS is planning an information blitz to make eligible people, especially Social Security recipients, aware that they have to file or they won't see a penny. More »
- Bush Signs $168B Stimulus Plan
  
  Associated Press | Feb 13, 08 2:30 PM CST
  
  (Newser) - President Bush signed Congress’ economic stimulus bill into law today, ensuring that the tax rebates at the heart of the $168 billion plan will find their way into American bank accounts by May. The average rebate for an individual will be $600, with $1,200 for couples and a $300 add-on per child, reports the AP. More »
- Congress Sends Stimulus Plan to Bush
  
  New York Times | Feb 7, 08 6:59 PM CST
  
  (Newser) - Congress approved an economic stimulus plan today that will give rebates of between $600 and $1,200 to most Americans. It now awaits President Bush's expected signature before checks can go in the mail. The House quickly approved the measure hours after the Senate finalized its version of the $168 billion bill, the New York Times reports. More »
- GOP Senators Block Dems' Stimulus Plan
  
  Associated Press | Feb 6, 08 6:26 PM CST
  
  (Newser) - Democrats' efforts to expand a financial relief plan for Americans hit a roadblock in the Senate today, the AP reports. Republicans were able to stymie the bill, which they say is too expensive. Democrats hoped to add $40 billion to the plan that passed the House last week; it's now in limbo, but there's enormous political pressure to get it moving. More »
- Worry Over Economy Highest in 14-Plus Years
  
  Washington Post | Feb 4, 08 11:35 AM CST
  
  (Newser) - Americans' concern over the domestic economy is at a level not seen in nearly 15 years, and voters doubt the Bush stimulus package will avert a recession, a new Washington Post -ABC News poll shows. Eight in 10 Americans rate the economy as "not so good" or "poor," and 39% say the economy and job security are their primary electoral concern. More »
January 2008
- Senate Stimulus 'Too Complex' for Treasury
  
  Reuters | Jan 31, 08 3:28 PM CST
  
  (Newser) - The $157 billion stimulus bill passed by the Senate Finance Committee is "too complex," Treasury Secretary Henry Paulson said today. "Complexity is our enemy," Paulson said of the bill, which is "in danger of looking like a Christmas tree" once it goes to the full Senate. He said he prefers the House's version, which is "simple, broad-based and bipartisan," Reuters reports. More »
- Senate & White House Battle Today Over Stimulus Plans
  
  Washington Post | Jan 31, 08 4:35 AM CST
  
  (Newser) - The Senate and White House face off today over economic stimulus packages designed to get consumers spending again. With bipartisan support, the Senate Finance committee approved a $157 billion plan that would give more than $1,000 to almost every family in the US. A White House proposal, backed by the House of Representatives, is considerably less generous. More »
- Senate Snag Delays U.S. Rescue Plan
  
  BBC | Jan 31, 08
  
  Last Updated: Thursday, 31 January 2008, 11:28 GMT E-mail this to a friend Printable version Senate snag delays US rescue plan Capitol Hill, Washington DC President Bush has already warned the Senate not to delay the bill A key committee in the US Senate has approved a different version of the economic stimulus plan, setting up a possible showdown with President Bush.
- Windfall or Fiscal Catastrophe?: What You Think About an Economic Stimulus Package
  
  FoxBusiness.com | Jan 31, 08
  
  Windfall or fiscal catastrophe? We asked you to sound off on the economic stimulus package that, if passed by lawmakers, could put anywhere from $600 to $1,200 into your pocket. Here's what some of you had to say
- House OKs Stimulus Package
  
  Washington Post | Jan 29, 08 4:57 PM CST
  
  (Newser) - The House approved a $146 billion economic stimulus package today with overwhelming bipartisan support. The bill, which would give most Americans rebates of $600, passed by a vote of 385-35 and now heads to the Senate, reports the Washington Post . Speaker Nancy Pelosi asked the Senate to approve its version quickly, without changes that would stall it or risk a presidential veto. More »
- Senate Pitches Rival Stimulus Package
  
  Washington Post | Jan 29, 08 8:30 AM CST
  
  (Newser) - The Senate has unveiled its own economic stimulus package, challenging the plan agreed to between House leaders and the White House. The Senate plan would give $500 to almost all Americans, rich and poor, and would extend unemployment benefits to the jobless, reports the Washington Post . Senators are also likely to add heating cost assistance, foreclosure-prevention funding, business tax incentives, and other benefits. More »
- Deal on Stimulus Package Puts Heat on Senate
  
  Washington Post | Jan 25, 08 1:15 PM CST
  
  (Newser) - The $150 billion package of tax breaks for consumers and businesses rolled out yesterday was the first show of bipartisan cooperation sans bloodletting since the Democrats won control of Congress a year ago, the Washington Post observes . It took panic over a looming recession to make it happen, and it could still be undone in the Senate. More »
- Stocks Rally on Stimulus News
  
  Wall Street Journal | Jan 24, 08 3:57 PM CST
  
  (Newser) - Stocks enjoyed growth for a second consecutive day as the announcement of Congress’ economic stimulus plan raised investor confidence already bolstered by this week's rate cut by the Fed, the Wall Street Journal reports. Though jittery throughout the day, the Dow mounted a late rally to end up 108.44 points at 12,378.61. The Nasdaq rose 44.51 points to 2,360.92, while the S&P 500 rose 13.47 points to 1,352.07. More »
- US to You: $600 Check's in Mail
  
  CNN | Jan 24, 08 10:39 AM CST